Space42, Viasat sign binding agreement to co-found ‘Equatys’
Space42 and Viasat will each initially contribute $400 million, while Space42 is expected to provide an additional $200 million in...
Business
Hidden liabilities behind major property deals
UAE property investors must look beyond certificates to uncover hidden fire-safety risks that could affect costs, valuations and returns, writes...
Opinion
Business
Hospitality leaders to gather in Dubai for Commercial Strategy Conference
Dubai, UAE -- The region's top hospitality professionals will converge at the Conrad Dubai Hotel on November 25-26, 2025, for...
- The eighth annual conference will showcase the industry's brightest minds and future leaders.
- Attendees can fast-track professional development with pre-conference certification courses and networking.
Business
Dubai records over 4,000 new-real estate activities in H1 2025
Dubai, UAE -- Dubai’s real estate market recorded 4,049 new activities in the first half of this year, reflecting the...
- Real estate brokerage services for property sales topped the list with 2,301 activities.
- This was followed by leasing brokerage services, accounting for 1,279 activities, reflecting the sector’s expanding broker network.
Business
SEC H1 net profit $1.67bn
Revenue grew by 24% to $7.38 billion.
- Revenue for Q2 grew by 24 percent to reach SAR 27.7 billion ($7.38 billion), while gross profit rose by 42 percent to SAR 7.4 billion.
- Operating profit increased by 21 percent to SAR 6.8 billion, and net profit reached SAR 5.3 billion-marking a 22 percent year-on-year increase.
Arts & Culture
Walking sharks, bombing crocodiles: Italian Brainrot memes only kids know
Shouty, crude and often nonsensical Italian voiceovers feature in many of the clips made by people in various countries that...
- The dozen-plus cartoonish AI creatures have fast become memes, inspiring a stream of new content such as "Brainrot Rap", viewed 116 million times on YouTube.
- A YouTube Short titled "Learn to Draw 5 Crazy Italian Brainrot Animals" -- including a cactus-elephant crossover named "Lirili Larila" -- has also been watched 320 million times.
Business
Accumulating bitcoin a risky digital rush by companies?
London, United Kingdom - US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon...
- Companies frequently own bitcoin, the largest cryptocurrency by market capitalisation, to take part in sector activities such as "mining"
- Tesla has previously accepted payments in bitcoin, while Trump Media soon plans to offer crypto investment products.
Business
OpenAI releases ChatGPT-5 as AI race accelerates
San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPTÂ on Thursday, touting "significant" advancements...
- ChatGPT-5 is rolling out free to all users of the AI tool, which is used by nearly 700 million people weekly, OpenAI said in a briefing with journalists.
- Co-founder and chief executive Sam Altman touted this latest iteration as "clearly a model that is generally intelligent."
Business
DEWA profit after tax $789m
It will pay $843m in H1 dividend.
- The first-half revenue of AED 14.6 billion ($3.97 bn), EBITDA of AED 7 billion, operating profit of AED 3.7 billion.
- DEWA’s total energy generation Including Energy import from IPPs soared to a high of 16.9 TWh.
Economy
Trump announces 100% chip tariff, pressuring Asian producers
The US president unveiled the levy at the White House on Wednesday ahead of the imposition of sweeping tariffs on...
- shares in Taiwan's TSMC -- world's largest contract maker of chips -- soared nearly 5% after the government said the company will not be affected.
- Trump has previously accused Taiwan of having stolen the US chip industry, and earlier this year, TSMC unveiled a plan to invest an extra $100 billion in the United States.
Business
Electric ‘air taxis’ could debut in Japan from 2027
Tokyo, Japan -- Airline ANA said Thursday that, together with a US start-up, it hopes to have electric "air taxis"...
- ANA and California-based Joby Aviation said they will establish a joint venture with a view to deploying more than 100 of the five-seater aircraft.
- The project primarily envisages trips between Narita and Haneda airports and Tokyo, although the routes can diversify in the future.
Business
Apple to invest additional $100 bn in US: White House
Washington, United States -- Apple will invest an additional $100 billion in the United States, taking its total pledge to...
- In February, Apple said it would spend more than $500 billion in the United States and hire 20,000 people, with Trump quickly taking credit for the decision.
- Trump, who has pushed US companies to shift manufacturing home by slapping tariffs on trading partners, claimed that his administration was to thank for the investment.
Space42, Viasat sign binding agreement to co-found ‘Equatys’
Space42 and Viasat will each initially contribute $400 million, while Space42 is expected to provide an additional $200 million in...
Business
Company News
Latest News
China’s LNG ambitions take shape
Business
Dubai diamond trade hits record $41.7 billion in 2025, DMCC says
Dubai, UAE -- Dubai's diamond trade rose to a record $41.7 billion in 2025, surpassing its previous high set in...
Business
DFDF backs MetaProp to boost PropTech investment
Dubai, UAE -- Dubai Future District Fund (DFDF) has committed capital to MetaProp Fund IV LP, making the New York-based...
Business
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Business
UAE places sixth among world’s most popular Muslim-friendly destinations
Dubai, UAE -- Mastercard and CrescentRating released the 11th edition of the Global Muslim Travel Index (GMTI), revealing how AI,...
- The report projects international Muslim arrivals to increase to 208 million this year, compared to 196 million in 2025, and reach 262 million by 2030.
- GMTI 2026 indicates that 80% of travellers surveyed worldwide now use AI tools for travel purposes, signalling a major shift in how they discover, evaluate and plan their journeys.
Business
Arada launches platform targeting $5bn in assets under management
Dubai, UAE -- UAE developer Arada has launched Arada Capital, a funds management platform targeting $5 billion in assets under...
- The company said the new platform would initially focus on real estate investments before broadening into infrastructure and other private market assets.
- Founded in 2017, Arada has launched 11 projects in the UAE and has since expanded into the United Kingdom and Australia.
Business
Gold holds near two-week high on tempered Fed rate hike expectations
Dubai, UAE -- Gold was steady near a two-week high on Monday after a ‌softer-than-expected US jobs report last week...
- Spot gold was steady at $4,174.66 per ounce, as of 02:52 GMT, after hitting its highest since 22nd June 22 earlier in the day.
- US gold futures for August delivery climbed 1.5 percent to $4,186.70 per ounce.